Miscellaneous Payments. Should WFBC receive a duplicate payment on an Account or other payment which is not identified, WFBC shall carry these sums as open items in its accounting and shall return any duplicate payment to the Account Debtor or apply such unidentified payment pursuant to the terms hereof upon proper identification and documentation. In the event WFBC receives payment on an Account which has not been purchased hereunder and can be identified as being the property of the Customer, such payment will be credited to the Customer’s Collected Reserve and released in accordance with this Agreement.
Appears in 9 contracts
Samples: Account Purchase Agreement, Account Purchase Agreement (General Employment Enterprises Inc), Account Purchase Agreement (MPC Corp)
Miscellaneous Payments. Should WFBC receive a duplicate payment on an a Purchased Account or other payment which is not identified, WFBC shall carry these sums as open items in its accounting and shall return any duplicate payment to the Account Debtor or apply such unidentified payment pursuant to the terms hereof upon proper identification and documentation. In the event WFBC receives payment on an Account which has not been purchased hereunder and can be identified as being the property of the Customer, such payment will be credited to the Customer’s Collected Reserve and released in accordance with this Agreement.
Appears in 1 contract
Samples: Account Purchase Agreement (Broadwind Energy, Inc.)
Miscellaneous Payments. Should WFBC receive a duplicate payment on an a Purchased Account or other payment which is not identified, WFBC shall carry these sums as open items in its accounting and (a) shall return remit any duplicate payment to the Customer if the Customer is the Servicer or (b) shall remit any duplicate payment to the Account Debtor or apply such unidentified payment pursuant to the terms hereof upon proper identification and documentation. In , if the event WFBC receives payment on an Account which has not been purchased hereunder and can be identified as being Customer is no longer the property of the Customer, such payment will be credited to the Customer’s Collected Reserve and released in accordance with this AgreementServicer.
Appears in 1 contract
Samples: Account Purchase Agreement (Martin Marietta Materials Inc)
Miscellaneous Payments. Should WFBC receive a duplicate payment on an a Purchased Account or other payment which is not identified, WFBC shall carry these sums as open items in its accounting and shall may return any duplicate payment to the Account Debtor or apply such duplicate payment or unidentified payment pursuant to the terms hereof upon proper identification and documentationas WFBC in its sole discretion deems appropriate. In the event WFBC receives payment on an Account which has not been purchased hereunder and can be identified as being the property of the Customer, such payment will be credited to the Customer’s Collected Reserve Account and released in accordance with this Agreement.
Appears in 1 contract
Samples: Account Purchase Agreement (Corporate Resource Services, Inc.)